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Ipatiy [6.2K]
3 years ago
14

Jen bought 100 shares of ABC stock at $15 a share on July 14, 2017. On August 7, 2018, she noticed that the stock had increased

in value to $20 a share and decided to sell her shares. Jen's marginal tax rate is 22%. How is the revenue from the sale treated on her 2018 income tax return
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

The revenue from the sale treated as a long term capital gain on her 2018 income tax return

Explanation:

capital gain = (100*20) - (100*15)

                    = $500

tax rate on long term capital gain for 22% = 15%

tax on capital gain = $500*15%

                               = $75

Therefore, The revenue from the sale treated as a long term capital gain on her 2018 income tax return

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A firm has a profit margin of 6% and an equity multiplier of 1.5. Its sales are $230 million, and it has total assets of $115 mi
Ket [755]

Answer:

18%

Explanation:

In this question, we use the DuPont Analysis which is shown below:

ROE = Profit margin × Total assets turnover × Equity multiplier

ROE = 6% × 2 × 1.5

        = 18%

The total assets turnover is shown below:

= Sales ÷ total assets

= $230 million ÷ $115 million

= 2

Simply we apply the ROE formula in which the profit margin is multiplied with the total assets turnover and the equity multiplier

7 0
3 years ago
Beta LLC has decided to change its promotion and pay policies for technical people who do not wish to become managers. This will
daser333 [38]

According to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is <u>recognizing the need for change</u>.

<h3>What are the steps of the change process?</h3>

The change process involves the following steps:

  1. Diagnosing the problem
  2. Assessing the motivation or need and capacity for change
  3. Assessing the resources and motivation of the change agent
  4. Establishing change objectives and strategies
  5. Determining the role of the change agent
  6. Implementing the changes.

Thus, according to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is <u>recognizing the need for change</u>.

Learn more about the steps of the change process at brainly.com/question/5689601

3 0
2 years ago
What is the difference between insurable and non-insurable risk
vova2212 [387]
<span>All risks cannot be transferred to the insurer. Mostly, pure risks can be transferred to the insurer</span>
8 0
3 years ago
Schwartz Industry is an industrial company with 100 million shares outstanding and a market capitalization (equity value) of $4
Fudgin [204]
I have to think again about this answer. I will get back! 2.22
6 0
3 years ago
Identify the item below that would cause the trial balance to not balance.i. A $1,000 collection of an account receivable was er
VARVARA [1.3K]

Answer:

The item that would cause the trial balance to not balance is:

v. The cash payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750.

Explanation:

The correct record should have been to credit the $750 in the Cash account.  By this double debit entries for a transaction without a corresponding credit entry, the trial balance cannot balance as the debit side will be greater by $1,500 ($750 * 2) than the credit side.  To correct the error, the Cash account will be credited with $1,500.  One of the $750 cancels the earlier error while the second $750 puts the records straight.

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3 years ago
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